With reference to the Company's announcement on November 12, 2023, regarding its interim financial results for the period ended September 30, 2023 (nine months), Zamil Industrial Investment Company informs the Company's shareholders that the accumulated losses of SAR 169,253,000, representing 28.2% of the share capital as of June 30, 2023, have been reduced to SAR 33,169,000, representing 5.53% of the share capital of SAR 600,000,000 as of September 30, 2023.
The measures taken by the Company to reduce the accumulated losses include the use of a portion of the statutory reserves of SAR 180,000,000 against the accumulated losses of the Company of SAR 169,253,000, representing 28.2% of the share capital of the Company, in accordance with the resolution of the Extraordinary General Assembly Meeting of the Company held on September 28, 2023.
